Expeditors International of Washington (EXPD) 11/19/09 PriceWatch Alert Targets 14.56% Downside Protection

Posted: Thursday, November 19, 2009 8:03 AM EDT

Expeditors International of Washington (NasdaqNM: EXPD) closed yesterday at $32.96. So far the stock has hit a 52-week low of $23.86 and 52-week high of $38.10. Expeditors International of Washington stock has been showing support around 32.48 and resistance in the 33.44 range. Technical indicators for the stock are Neutral and S&P gives EXPD a positive 4 STAR (out of 5) buy rating. EXPD appears on the Investors Observer Analysts Favorites list. For a hedged play on this stock, look at a May '10 30 covered call (URP EF) for a net debit in the $28.16 area. That is also the break even stock price for this trade. This covered call has an 184 day duration, provides 14.56% downside protection and a 6.53% assigned return rate for a 12.96% annualized return rate (comparison purposes only). Expeditors International of Washington has a current annual dividend yield of 1.15%. [THA-Seven Summits Research]

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